Abraxis BioScience Inc. (ABII) announced that the Office of Orphan Products Development of the Food and Drug Administration or FDA has granted orphan drug designation to the chemotherapy agent ABRAXANE for Injectable Suspension for the treatment of pancreatic cancer as well as stage IIB-IV melanoma.
Melanoma is an aggressive form of skin cancer that affects more than 68,000 people in the U.S. each year. Abraxis stated that it continues to study the potential of ABRAXANE in a variety of tumor types. ABRAXANE is a solvent-free chemotherapy treatment option for metastatic breast cancer, developed using Abraxis BioScience's proprietary nab technology platform.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.